Electronics Mart India Limited — Audit Report / Information 2026

May 22, 2026

EMIL
Electronics Mart India Limited
BAJAJ ELECTRONICS

To,

Listing Manager,

The National Stock Exchange of India Ltd.,

(Through NEAPS)

Symbol: EMIL

Series: EQ

ISIN: INE02YR01019

The Secretary,

BSE Limited,

(Through BSE Listing Centre)

Scrip Code: 543626

Dear Sir/Madam,

Sub: Outcome of the Board Meeting dated 22nd May 2026.

Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company, at their meeting held on 22nd May 2026, has inter alia approved the Audited (Standalone and Consolidated) Financial Results of the Company for the Fourth Quarter & Financial Year ended 31st March 2026.

Please find enclosed a copy of the Audited (Standalone and Consolidated) Financial Results dated 22nd May 2026 and the Audit Report issued by the Company's Statutory Auditor, Walker Chandiok & Co. LLP.

The Board Meeting commenced at 12:30 P.M. and concluded at 01:55 P.M.

We request that you kindly take the above information on record.

Thanking You,

For and on behalf of Electronics Mart India Limited

Date: 22nd May 2026

Place: Hyderabad

ELECTRONICS
MART

AUDIO & BEYOND

KITCHEN
STORIES

EASY
KITCHENS

Regd. Office : 6-1-91, Shop No. 10, Ground Floor, Next to Telephone Bhavan, Secretariat Road, Saifabad, Hyderabad - 500004

Corporate Office : M.No. 6-3-666/A1 to 7, Opp. NIMS Hospital, Punjagutta Main Road, Hyderabad - 500082. Ph : 040-23230244

Zonal Office : 35 - Link Road, Lajpat Nagar III, New Delhi - 110024. Ph : 011-45546292

ELECTRONICS MART INDIA LIMITED | CIN No.: L52605TG2018PLC126593

E-mail: communications@bajajelectronics.in | Website : www.electronicsmartindia.com

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Walker Chandiok & Co LLP

Walker Chandiok & Co LLP
Unit No – 1, 10th Floor,
My Home Twitza, APIIC,
Hyderabad Knowledge City,
Raidurg (Panmaktha) Village,
Serilingampally Mandal,
Ranga Reddy District,
Hyderabad – 500 081
Telangana
T +91 40 4859 7178
F +91 40 6630 8230

Independent Auditor’s Report on Standalone Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Electronics Mart India Limited

Opinion

1. We have audited the accompanying Standalone Annual Financial Results ('the Statement') of Electronics Mart India Limited ('the Company') for the quarter and year ended 31 March 2026, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations').

2. In our opinion and to the best of our information and according to the explanations given to us, the Statement:

(i) presents financial results in accordance with the requirements of Regulation 33 of the Listing Regulations, and

(ii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 ('the Act'), read with the Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles generally accepted in India, of the standalone net profit after tax and other comprehensive income and other financial information of the Company for the year ended 31 March 2026.

Chartered Accountants

Offices in Bengaluru, Chandigarh, Chennai, Dehradun, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

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Walker Chandiok & Co LLP

Basis for Opinion

1. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Statement section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ('the ICAI') together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, is sufficient and appropriate to provide a basis for our opinion.

Responsibilities of Management and Those Charged with Governance for the Statement

1. This Statement has been prepared on the basis of the standalone annual financial statements and has been approved by the Company's Board of Directors. The Company's Board of Directors is responsible for the preparation and presentation of the Statement that gives a true and fair view of the standalone net profit and other comprehensive income and other financial information of the Company in accordance with the Ind AS specified under Section 133 of the Act, read with the Companies (Indian Accounting Standards) Rules, 2015 and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

2. In preparing the Statement, the Board of Directors is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

3. The Board of Directors is also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Statement

1. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Standards on Auditing, specified under Section 143(10) of the Act, will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.

2. As part of an audit in accordance with the Standards on Auditing, specified under Section 143(10) of the Act, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

3. Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;

Chartered Accountants

Offices in Bengaluru, Chandigarh, Chennai, Dehradun, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

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Walker Chandiok & Co LLP

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the Company has in place an adequate internal financial controls with reference to financial statements and the operating effectiveness of such controls;
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors;
• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern; and

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

• We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

• We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

1. The Statement includes the financial results for the quarter ended 31 March 2026, being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subject to limited review by us.

For Walker Chandiok & Co LLP

Firm Registration No.: 001076N/N500013

HEMANT

MAHESHWARI

Digitally signed by HEMANT MAHESHWARI

Date: 2026.05.22

13:46:36 +05'30'

Hemant Maheshwari

Partner

Membership No. 096537

UDIN: 26096537QITGGS4439

Place: Hyderabad

Date: 22 May 2026

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Electronics Mart India Limited

Regd.Office: D. No.: 6-1-91, Shop No. 10, Ground Floor, Telephone Bhavan, Secretariat Road, Saifabad, Hyderabad, Telangana - 500 004

Corporate Office: M. No. 6-3-666/A1 To 7 - 3rd and 4th floor, Opp. NIMS Hospital, Panjagutta Main Road, Hyderabad, Telangana - 500 082

Corporate Identity Number:L52605TG2018PLC126593; Tel.Nos.040-2324 2512;

E-mail I.D: communications@bajajelectronics.in; Website:www.electronicsmartindia.com

STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2026

Sl. No.	Particulars	Quarter ended			Year ended
		31.03.2026 (Refer Note 2)	31.12.2025 (Unaudited)	31.03.2025 (Refer Note 2)	31.03.2026 (Audited)	31.03.2025 (Audited)
1	Revenue from operations	19,132.45	19,396.53	16,642.25	71,832.62	67,313.06
2	Other income	14.51	37.91	21.07	81.64	91.07
	Total Income (1+2)	19,146.96	19,434.44	16,663.32	71,914.26	67,404.13
3	Expenses
	(a) Purchases of stock-in-trade	18,607.60	14,743.37	19,032.07	61,566.12	60,073.06
	(b) Changes in inventories of stock-in-trade	(2,298.60)	1,876.13	(4,843.77)	(104.88)	(2,734.94)
	(c) Employee benefits expense	439.72	390.60	350.57	1,595.36	1,330.93
	(d) Finance costs	401.01	383.20	365.00	1,536.70	1,175.21
	(e) Depreciation and amortisation expense	406.84	402.93	354.63	1,561.62	1,266.91
	(f) Other expenses	1,096.49	1,201.43	1,028.56	4,393.28	4,132.18
	Total Expenses	18,653.06	18,997.66	16,287.06	70,548.20	65,243.35
4	Profit before exceptional items and tax (1+2-3)	493.90	436.78	376.26	1,366.06	2,160.78
5	Add/(less): Exceptional items (Refer note 5)	40.87	(42.63)	-	68.44	-
6	Profit before tax (4-5)	534.77	394.15	376.26	1,434.50	2,160.78
7	Tax expense:
	(a) Current tax	155.70	143.26	107.47	483.10	640.38
	(b) Deferred tax benefit	(18.30)	(45.62)	2.04	(120.40)	(84.81)
8	Profit for the period/year (6-7)	397.37	296.51	266.76	1,071.80	1,605.21
9	Other comprehensive income/(loss)
	- Remeasurement gain/(loss) on the defined benefit plans, net of income taxes	(1.55)	5.28	(13.17)	2.40	(2.66)
10	Total comprehensive income for the period/year (8+9)	395.82	301.79	253.59	1,074.20	1,602.55
11	Paid-up equity share capital (Face value of ₹10/- each)	3,847.49	3,847.49	3,847.49	3,847.49	3,847.49
12	Other equity				12,415.53	11,341.33
13	Earnings per equity share (EPES) (Refer Note 7) (Face value of ₹10/- each)
	- Basic (in absolute ₹ terms)	1.03	0.77	0.69	2.79	4.17
	- Diluted (in absolute ₹ terms)	1.03	0.77	0.69	2.79	4.17

See accompanying notes to the standalone financial results.

A

HYDERABADHYS MARITI 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

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Statement of Standalone Assets and Liabilities

(Amount in millions of ₹ unless otherwise stated)

Sl. No.	Particulars	As at
		31.03.2026
(Audited)	31.03.2025
(Audited)
A	ASSETS
1	Non - Current Assets
	(a) Property, plant and equipment	9,938.17	9,050.85
	(b) Right-of-use assets	9,354.41	8,505.51
	(c) Capital work-in-progress	193.24	303.59
	(d) Intangible assets	22.74	26.65
	(e) Financial Assets
	i) Investments	1.10	1.10
	ii) Other financial assets	683.90	638.63
	(f) Deferred tax assets (net)	522.37	401.98
	(g) Non-current tax assets (net)	64.96	28.15
	(h) Other non-current assets	395.64	453.50
	Total non-current assets	21,176.53	19,409.96
2	Current Assets
	(a) Inventories	12,406.72	12,301.84
	(b) Financial assets
	i) Trade receivables	553.17	742.20
	ii) Cash and cash equivalents	479.85	296.05
	iii) Loans	19.07	16.69
	vi) Other financial assets	5.04	26.18
	(c) Other current assets	3,314.37	3,572.48
	Total current assets	16,778.22	16,955.44
	Total Assets	37,954.75	36,365.40
B	EQUITY AND LIABILITIES
1	Equity
	(a) Equity Share Capital	3,847.49	3,847.49
	(b) Other equity	12,415.53	11,341.33
	Total equity	16,263.02	15,188.82
2	Non - Current Liabilities
	(a) Financial liabilities
	i) Borrowings	1,985.16	2,055.40
	ii) Lease liabilities	10,485.26	9,330.48
	(b) Provisions	21.26	17.12
	Total non-current liabilities	12,491.68	11,403.00
3	Current Liabilities
	(a) Financial liabilities
	i) Borrowings	6,926.06	7,784.45
	ii) Lease liabilities	573.37	502.58
	iii) Trade Payables
	(a) total outstanding dues of micro and small enterprises	19.88	7.16
	(b) total outstanding dues other than (iii) (a) above	640.05	555.39
	iv) Other financial liabilities	360.46	320.80
	(b) Other current liabilities	517.45	528.24
	(c) Provisions	20.61	22.32
	(d) Current tax liabilities (net)	142.17	52.64
	Total current liabilities	9,200.05	9,773.58
	Total Equity and Liabilities	37,954.75	36,365.40

Standalone Statement of Cash Flows for the year ended 31 March 2026

(Amount in millions of ₹ unless otherwise stated)

Particulars	For the year ended
	31.03.2026
(Audited)	31.03.2025
(Audited)
Cash flows from operating activities
Profit before tax	1,434.50	2,160.78
Adjustments to reconcile profit before tax to net cash flows:
Depreciation and amortisation expense	1,561.63	1,266.91
Bad debts written-off	0.71	16.00
Advances written-off	5.65	2.72
Loss of Stock due to fire accident	81.72	-
Gain on de-recognition of lease assets	(30.85)	(21.50)
PPE written off	1.46	8.04
Gain on account of sale of IQ retail stores	(76.65)	-
Interest expense	1,502.48	1,138.13
Interest income	(9.64)	(53.69)
Operating cash flows before changes in working capital	4,471.01	4,517.39
Adjustment for changes in working capital:
Increase in loans	(2.38)	(1.43)
Decrease/(Increase) in other assets	258.11	(20.87)
Increase in inventories	(186.60)	(2,734.94)
Decrease in trade receivables	188.32	24.35
Increase in other financial assets	(14.63)	(99.16)
Increase in trade payables	97.38	609.37
Increase in financial liabilities	52.93	25.91
(Decrease)/Increase in other current liabilities and provisions	(8.36)	54.77
	384.77	(2,142.00)
Cash generated from operations	4,855.78	2,375.39
Income taxes paid, net	(427.97)	(608.39)
Net cash generated from operating activities	4,427.81	1,767.00
Cash flows from investing activities
Purchase of property, plant and equipment, including intangible assets	(1,237.13)	(3,237.25)
Proceeds from sale of property, plant & Equipment	8.73	-
Proceeds from sale of IQ retail stores	80.00	-
Payment towards right-of-use assets	(104.79)	(113.51)
Movement in other bank balances	(10.63)	(7.71)
Interest income received	10.78	38.38
Net cash used in investing activities	(1,253.05)	(3,320.09)
Cash flows from financing activities
Proceeds from long-term borrowings	281.77	(319.19)
Repayment of long-term borrowings	(352.01)	1,466.32
Proceeds from/ (Repayment of) short-term borrowings, net	(858.39)	1,564.66
Payment of lease liability	(490.83)	(377.37)
Interest paid	(1,571.50)	(1,321.98)
Net cash (used in)/ generated from financing activities	(2,990.96)	1,012.44
Net decrease in cash and cash equivalents	183.80	(540.65)
Cash and cash equivalents at the beginning of the year	296.05	836.70
Cash and cash equivalents at the end of the year	479.85	296.05
Components of cash and cash equivalents at end of the year
Cash on hand	423.68	197.37
Balances with banks	56.17	98.68
Deposits with original maturity of less than 3 months
Total cash and cash equivalents	479.85	296.05

Notes:

1. The standalone financial results for the quarter and year ended 31 March 2026 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on 22 May 2026.

2. The figures of the last quarter ended 31 March 2026 and corresponding quarter ended 31 March 2025 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the financial year, which were subjected to limited review by the statutory auditors.

3. These audited standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with the relevant rules issued thereunder, other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).

4. The Company operates in a single reportable segment viz retail and wholesale sales of consumer durable and electronics products through its retail stores and online platforms. The Chief Operating Decision Maker ('CODM') reviews the results as a whole when making decisions about allocating resources and assessing performance of the Company.

5. Exceptional item:

a) On 29 May 2025, a fire incident occurred at one of the Company's godowns, resulting in significant damage to inventory valued at ₹ 81.72 million. The Company lodged an insurance claim for the full amount and recorded the loss as an exceptional item during the quarter ended 30 June 2025. In the previous quarter, the Company received full and final settlement for ₹ 75.27 million against the claim, which was recognised as an exceptional item in the Statement of Profit and Loss.

b) The Company, during the previous quarter, transferred its four "IQ" retail stores located in the states of Telangana and Andhra Pradesh, along with the related trademarks and certain immovable assets but excluding inventory, for a total consideration of ₹ 80 million. The gain on disposal of such assets of ₹ 76.65 million has been recognized as an exceptional item in the Statement of Profit and Loss.

c) The Government of India has merged various existing labour laws into a unified framework comprising four labour codes, collectively referred to as the "New Labour Code". Accordingly, the Holding Company has recognized a one-time impact of ₹ 42.63 million in compliance with Ind AS 19, relating to changes in employee benefit obligations, and has presented this amount as an exceptional item in the Statement of Profit and Loss for the quarter and nine month ended December 31, 2025. During the current quarter, the Holding Company has restructured the compensation to employees which resulted into a reversal of the impact of labour codes ₹ 40.87 millions which has been accounted under exceptional item. The Company continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of liability pertaining to employee benefits.

1. From the quarter ended 30 June 2025 onwards, the Company reclassified sell-out scheme incentives and cash discounts received from suppliers from 'Revenue from operations - Other operating income' to reduction from 'Purchases of Stock in Trade' in the Standalone Statement of Profit and Loss in accordance with the applicable accounting standards, since such incentives and discounts are directly associated with inventory purchases and is not in exchange for any distinct goods or services by the Company to such suppliers. The consequent adjustments made to the comparative financial information are not considered material to these financial results.

2. The EPES for quarters are not annualized.

By Order of the Board

For Electronics Mart India Limited

Place : Hyderabad

Date : 22 May 2026

Pavan Kumar Bajaj

Chairman & Managing Director

DIN: 07899635

Walker Chandiok & Co LLP

Walker Chandiok & Co LLP
Unit No – 1, 10th Floor,
My Home Twitza, APIIC,
Hyderabad Knowledge City,
Raidurg (Panmaktha) Village,
Serilingampally Mandal,
Ranga Reddy District,
Hyderabad – 500 081
Telangana
T +91 40 4859 7178
F +91 40 6630 8230

Independent Auditor’s Report on Consolidated Annual Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Electronics Mart India Limited

Opinion

1. We have audited the accompanying Consolidated Annual Financial Results ('the Statement') of Electronics Mart India Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), for the year ended 31 March 2026, attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations').

2. In our opinion and to the best of our information and according to the explanations given to us, the Statement:

(i) includes the annual financial results of the following entities;
a. Cloudnine Retail Private Limited; and
b. EMIL CSR Foundation

(ii) presents financial results in accordance with the requirements of Regulation 33 of the Listing Regulations; and

(iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 ('the Act') read with the Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles generally accepted in India, of the consolidated net profit after tax and other comprehensive income and other financial information of the Group for the year ended 31 March 2026.

Basis for Opinion

1. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Statement section of our report. We are independent of the Group, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ('the ICAI') together with the ethical requirements that are relevant to our audit of the consolidated financial results under the provisions of the Act, and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Responsibilities of Management and Those Charged with Governance for the Statement

1. The Statement has been prepared on the basis of the consolidated annual financial statements and has been approved by the Holding Company's Board of Directors. The Holding Company's Board of Directors is responsible for the preparation and presentation of the Statement that gives a true and fair view of the consolidated net profit and other comprehensive income, and other financial information of the Group in accordance with the Ind AS prescribed under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015 and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the Companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act, for safeguarding of the assets of the Group, and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively, for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results, that give a true and fair view and are free from material misstatement, whether due to fraud or error. These financial results have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

2. In preparing the Statement, the respective Board of Directors of the Companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting, unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

3. Those respective Board of Directors are also responsible for overseeing the financial reporting process of the Companies included in the Group.

Auditor's Responsibilities for the Audit of the Statement

1. Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Act will always detect a material misstatement, when it exists. Misstatements can arise from fraud or error, and are considered material if, individually, or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Statement.

Chartered Accountants
Offices in Bengaluru, Chandigarh, Chennai, Dehradun, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune
Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

1. As part of an audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

2. Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control;

3. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls;
4. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors;
5. Conclude on the appropriateness of Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern;
6. Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation; and

7. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group, to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement, of which we are the independent auditors.

8. We communicate with those charged with governance of the Holding Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

9. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

Other Matters

1. The Statement includes the consolidated financial results for the quarter ended 31 March 2026, being the balancing figures between the audited consolidated figures in respect of the full financial year and the published unaudited year-to-date consolidated figures up to the third quarter of the current financial year, which were subject to limited review.

For Walker Chandiok & Co LLP
Chartered Accountants
Firm Registration No.: 001076N/N500013

HEMANT MAHESHWARI
Digitally signed by
HEMANT MAHESHWARI
Date: 2026.05.22 13:45:07
+05'30'

Hemant Maheshwari
Partner
Membership No. 096537
UDIN: 26096537YUBCHS3351

Place: Hyderabad
Date: 22 May 2026

Chartered Accountants
Offices in Bengaluru, Chandigarh, Chennai, Dehradun, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune

Electronics Mart India Limited
Regd.Office: D. No.: 6-1-91, Shop No. 10, Ground Floor, Telephone Bhavan, Secretariat Road, Saifabad, Hyderabad, Telangana – 500 004
Corporate Office: M. No. 6-3-666/A1 To 7 - 3rd and 4th floor, Opp. NIMS Hospital, Panjagutta Main Road, Hyderabad, Telangana – 500 082
Corporate Identity Number:L5260STG2018PLC126593; Tel.Nox:040-2324 2512;
E-mail I.D: communications@bajajelectronics.in; Website:www.electronicmartindia.com

STATEMENT OF CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2026

(Amounts in millions of ₹ unless otherwise stated)

Sl. No.	Particulars	Quarter ended			Year ended
		31.03.2026
(Audited)
(Refer Note 2)	31.12.2025
(Unaudited)	31.03.2025
(Audited)
(Refer Note 2)	31.03.2026
(Audited)	31.03.2025
(Audited)
1	Revenue from operations	19,132.45	19,396.53	16,642.25	71,832.62	67,313.06
2	Other income	14.59	37.98	21.17	81.88	91.40
	Total Income (1+2)	19,147.04	19,434.51	16,663.42	71,914.50	67,404.46
3	Expenses
	(a) Purchases of stock-in-trade	18,607.60	14,743.37	19,032.07	61,566.12	60,073.06
	(b) Changes in inventories of stock-in-trade	(2,298.60)	1,876.13	(4,843.77)	(104.88)	(2,734.94)
	(c) Employee benefits expense	439.72	390.60	350.57	1,595.36	1,330.93
	(d) Finance costs	401.01	383.20	365.00	1,536.70	1,175.21
	(e) Depreciation and amortisation expense	406.85	402.80	354.63	1,561.63	1,266.91
	(f) Other expenses	1,096.59	1,201.69	1,028.80	4,393.93	4,132.86
	Total Expenses	18,653.17	18,997.79	16,287.30	70,548.86	65,244.03
4	Profit before exceptional items and tax (1+2-3)	493.87	436.72	376.12	1,365.64	2,160.43
5	Add/(Less): Exceptional items (Refer Note 5)	40.87	(42.63)	-	68.44	-
6	Profit before tax (4-5)	534.74	394.09	376.12	1,434.08	2,160.43
7	Tax expense
	(a) Current tax	155.70	143.26	107.47	483.10	640.38
	(b) Deferred tax benefit	(18.30)	(45.62)	2.04	(120.40)	(84.81)
8	Profit for the period (6-7)	397.34	296.45	266.62	1,071.38	1,604.86
9	Other Comprehensive income/(loss)
	-Remeasurement gain/(loss) on the defined benefit plans, net of income taxes	(1.55)	5.28	(13.17)	2.40	(2.66)
10	Total Comprehensive Income for the period (8+9)	395.79	301.73	253.45	1,073.78	1,602.20
11	Paid-up Equity Share Capital
(Face value of ₹10/- each)	3,847.49	3,847.49	3,847.49	3,847.49	3,847.49
12	Other equity				12,413.86	11,340.08
13	Earnings per equity share (EPES) (Refer Note 7)
(Face value of ₹10/- each)
	- Basic (in absolute ₹ terms)	1.03	0.77	0.69	2.78	4.17
	- Diluted (in absolute ₹ terms)	1.03	0.77	0.69	2.78	4.17

See accompanying notes to the consolidated financial results.

P

Hyderabad
05-040 23230244

Statement of Consolidated Assets and Liabilities

Sl. No.	Particulars	As at
		31.03.2026 (Audited)	31.03.2025 (Audited)
A	ASSETS
	1 Non - current assets
	(a) Property, plant and equipment	9,938.17	9,050.85
	(b) Right-of-use assets	9,354.41	8,505.51
	(c) Capital work-in-progress	193.24	303.59
	(d) Intangible assets	22.74	26.65
	(e) Financial Assets
	i) Other financial assets	684.62	639.26
	(f) Deferred tax assets (net)	522.37	401.98
	(g) Non-current tax assets (net)	64.99	28.16
	(h) Other non-current assets	395.64	453.50
	Total non-current assets	21,176.18	19,409.50
	2 Current assets
	(a) Inventories	12,406.72	12,301.84
	(b) Financial assets
	i) Trade receivables	553.17	742.20
	ii) Cash and cash equivalents	497.47	305.31
	iii) Loans	19.07	16.69
vi) Other financial assets	5.09	26.25
(c) Other current assets	3,313.15	3,571.60
Total current assets	16,794.67	16,963.89
Total Assets	37,970.85	36,373.39
B	EQUITY AND LIABILITIES
	1 Equity
	(a) Equity Share Capital	3,847.49	3,847.49
	(b) Other equity	12,413.86	11,340.08
Total Equity	16,261.35	15,187.57
2	Non - current liabilities
	(a) Financial liabilities
	i) Borrowings	1,985.16	2,055.40
	ii) Lease liabilities	10,485.26	9,330.48
	(b) Provisions	21.26	17.12
Total non-current liabilities	12,491.68	11,403.00
3	Current liabilities
	(a) Financial liabilities
	i) Borrowings	6,926.06	7,784.45
	ii) Lease liabilities	573.37	502.58
	iii) Trade Payables
	(a) total outstanding dues of micro and small enterprises	19.88	7.16
	(b) total outstanding dues other than (iii) (a) above	640.65	555.79
	iv) Other financial liabilities	360.46	320.80
	(b) Other current liabilities	534.62	537.08
	(c) Provisions	20.61	22.32
	(d) Current tax liabilities (net)	142.17	52.64
	Total current liabilities	9,217.82	9,782.82
	Total Equity and Liabilities	37,970.85	36,373.39

Consolidated Statement of Cash Flows for the year ended 31 March 2026

Particulars	For the year ended
	31.03.2026
(Audited)	31.03.2025
(Audited)
Cash flows from operating activities
Profit before tax	1,434.08	2,160.43
Adjustments to reconcile profit before tax to net cash flows:
Depreciation and amortisation expense	1,561.63	1,266.91
Bad debts written-off	0.71	16.00
Advances written-off	5.65	2.72
Loss of Stock due to fire accident	81.71	-
PPE written off	1.46	8.04
Gain on de-recognition of lease assets	(30.85)	(21.50)
Gain on account of sale of IQ retail stores	(76.65)	-
Interest expense	1,502.48	1,138.13
Interest income	(9.64)	(54.02)
Operating cash flows before changes in working capital	4,470.58	4,516.71
Adjustment for changes in working capital:
Increase in loans	(2.38)	(1.43)
Decrease/(Increase) in other assets	259.33	(20.23)
Increase in inventories	(186.60)	(2,734.94)
Decrease in trade receivables	188.32	24.35
Increase in other financial assets	(14.63)	(99.17)
Increase in trade payables	97.98	609.34
Increase in financial liabilities	52.93	25.91
(Decrease)/Increase in other current liabilities and provisions	(0.45)	45.73
	394.50	(2,150.44)
Cash generated from operations	4,865.08	2,366.27
Income taxes paid	(428.00)	(608.38)
Net cash generated from operating activities (A)	4,437.08	1,757.89
Cash flows from investing activities
Purchase of property, plant and equipment, including intangible assets	(1,237.13)	(3,237.25)
Proceeds from sale of property, plant & Equipment	8.73	-
Proceeds from sale of IQ retail stores	80.00	-
Payment towards right-of-use assets	(104.79)	(113.51)
Movement in other bank balances	(11.50)	(7.70)
Interest income received	10.73	38.70
Net cash used in investing activities (B)	(1,253.96)	(3,319.76)
Cash flows from financing activities
Repayment of long-term borrowings	(352.01)	(319.19)
Proceeds from long-term borrowings	281.77	1,466.32
Proceeds from/ (Repayment of) short-term borrowings, net	(858.39)	1,564.66
Payment of lease liability	(490.83)	(377.37)
Interest paid	(1,571.50)	(1,321.98)
Net cash (used in)/generated from financing activities (C)	(2,990.96)	1,012.44
Net decrease in cash and cash equivalents (A+B+C)	192.16	(549.43)
Cash and cash equivalents at the beginning of the year	305.31	854.74
Cash and cash equivalents at the end of the year	497.47	305.31
Components of cash and cash equivalents at the end of the year
Cash on hand	429.30	206.63
Balances with banks	56.17	98.68
Deposits with maturity less than 3 months	12.00	-
Total cash and cash equivalents	497.47	305.31

Notes:

1. The consolidated financial results for the quarter and year ended 31 March 2026 were reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company at their meetings held on 22 May 2026.

2. The figures of the last quarter ended 31 March 2026 and corresponding quarter ended 31 March 2025 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the financial year, which were subjected to limited review by the statutory auditors.

3. These audited consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 (‘the Act’) read with the relevant rules issued thereunder, other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).

4. The Group operates in a single reportable segment viz retail and wholesale sales of consumer durable and electronics products through its retail stores and online platforms. The Chief Operating Decision Maker (‘CODM’) reviews the results as a whole when making decisions about allocating resources and assessing performance of the Group.

5. Exceptional item:

a) On 29 May 2025, a fire incident occurred at one of the Holding Company’s godowns, resulting in significant damage to inventory valued at ₹ 81.72 million. The Holding Company lodged an insurance claim for the full amount and recorded the loss as an exceptional item during the quarter ended 30 June 2025. In the previous quarter, the Holding Company received full and final settlement for ₹ 75.27 million against the claim, which was recognised as an exceptional item in the Statement of Profit and Loss.

b) The Holding Company, during the previous quarter, transferred its four “IQ” retail stores located in the states of Telangana and Andhra Pradesh, along with the related trademarks and certain immovable assets but excluding inventory, for a total consideration of ₹ 80 million. The gain on disposal of such assets of ₹ 76.65 million has been recognized as an exceptional item in the Consolidated Statement of Profit and Loss.

c) The Government of India has merged various existing labour laws into a unified framework comprising four labour codes, collectively referred to as the “New Labour Code”. Accordingly, the Holding Company has recognized a one-time impact of ₹ 42.63 million in compliance with Ind AS 19, relating to changes in employee benefit obligations, and has presented this amount as an exceptional item in the Consolidated Statement of Profit and Loss for the quarter and nine month ended December 31, 2025. During the current quarter, the Holding Company has restructured the compensation to employees which resulted into a reversal of the impact of labour codes ₹ 40.87 millions which has been accounted under exceptional item. The Group continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of liability pertaining to employee benefits.

1. In the current quarter, the Group has reclassified sell-out scheme incentives and cash discounts received from suppliers from ‘Revenue from operations - Other operating income’ to reduction from ‘Purchases of Stock in Trade’ in the Consolidated Statement of Profit and Loss in accordance with the applicable accounting standards, since such incentives and discounts are associated with inventory purchases and is not in exchange for any distinct goods or services by the Group to the such suppliers. The consequent adjustments made to the comparative financial information are not considered material to these consolidated financial results.

2. EPES for quarters are not annualised.

By Order of the Board
For Electronics Mart India Limited

Pavan Kumar Bajaj
Chairman & Managing Director
DIN: 07899635

Place: Hyderabad
Date: 22 May 2026

EMIL
Electronics Mart India Limited
BAJAJ ELECTRONICS

To,

Listing Manager,

The National Stock Exchange of India Ltd.,

(Through NEAPS)

Symbol: EMIL

Series: EQ

ISIN: INE02YR01019

The Secretary,

BSE Limited,

(Through BSE Listing Centre)

Scrip Code: 543626

Dear Sir/Madam,

Sub: Declaration on Auditor's Report with Unmodified Opinion under Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

I, Premchand Devarakonda, Chief Financial Officer of Electronics Mart India Limited, in accordance with Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 hereby declare that M/s Walker Chandiok & Co. LLP, Statutory Auditors of the Company, have issued the Auditors Report with unmodified opinion on Audited Financial Results of the Company (Standalone & Consolidated) for the Financial Year ended on 31st March 2026.

We request that you kindly take the above information on record.

Thanking You,

For and on behalf of

Electronics Mart India Limited

Premchand Devarakonda
Chief Financial Officer

Date: 22nd May 2026

ELECTRONICS' MART

AUDIO & BEYOND

KITCHEN STORIES

EASY KITCHENS

Regd. Office : 6-1-91, Shop No. 10, Ground Floor, Next to Telephone Bhavan, Secretariat Road, Saifabad, Hyderabad - 500004

Corporate Office : M.No. 6-3-666/A1 to 7, Opp. NIMS Hospital, Punjagutta Main Road, Hyderabad - 500082. Ph : 040-23230244

Zonal Office : 35 - Link Road, Lajpat Nagar III, New Delhi - 110024. Ph : 011-45546292

ELECTRONICS MART INDIA LIMITED | CIN No.: L52605TG2018PLC126593

E-mail: communications@bajajelectronics.in | Website: www.electronicsmartindia.com